Security

Bittrue exploited for $24.4 million in tokens

Bitrue has been exploited for roughly $24.4 million in tokens, the exchange confirmed on Twitter.

“We have identified a brief exploit in one of our hot wallets on 07:18 (UTC), 14 April 2023,” the exchange tweeted, adding: “We were able to address this matter quickly and prevented the further exploit of funds. We take this matter seriously and are currently investigating the situation.”

The exchange explained that attackers were able to withdraw assets in ether, QNT, GALA, SHIB, HOT and MATIC — but only exploited a hot wallet that holds less than 5% of its overall funds. “The rest of our wallets remain secure and have not been compromised,” it stated.

Bitrue temporarily suspended all withdrawals and plans to reopen them on April 18.

“All identified users who are affected by this incident will be compensated in full,” it wrote.

The tokens are currently held in an address starting with 0x181.

The exploiter swapped for 8,858 ether but kept most of the stolen SHIB and HOT tokens.

   

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